Semmax Financial Advisors Inc. lifted its holdings in shares of Allstate Corp (NYSE:ALL) by 88.2% during the 2nd quarter, Holdings Channel reports. The firm owned 913 shares of the insurance provider’s stock after buying an additional 428 shares during the period. Semmax Financial Advisors Inc.’s holdings in Allstate were worth $93,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of ALL. Boston Partners lifted its position in shares of Allstate by 17.1% during the first quarter. Boston Partners now owns 11,106,016 shares of the insurance provider’s stock worth $1,045,965,000 after purchasing an additional 1,620,871 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Allstate by 9.0% during the fourth quarter. Geode Capital Management LLC now owns 4,733,322 shares of the insurance provider’s stock worth $390,468,000 after purchasing an additional 391,869 shares in the last quarter. Atalanta Sosnoff Capital LLC acquired a new stake in shares of Allstate during the second quarter worth about $39,602,000. Bank of Montreal Can lifted its position in shares of Allstate by 10.9% during the first quarter. Bank of Montreal Can now owns 3,279,066 shares of the insurance provider’s stock worth $308,822,000 after purchasing an additional 321,139 shares in the last quarter. Finally, California Public Employees Retirement System lifted its position in shares of Allstate by 13.4% during the first quarter. California Public Employees Retirement System now owns 2,406,590 shares of the insurance provider’s stock worth $226,653,000 after purchasing an additional 283,541 shares in the last quarter. 76.81% of the stock is currently owned by institutional investors and hedge funds.

NYSE:ALL traded down $2.52 during mid-day trading on Friday, hitting $101.98. The stock had a trading volume of 1,101,035 shares, compared to its average volume of 1,619,770. The stock has a 50-day simple moving average of $103.42 and a two-hundred day simple moving average of $98.21. The company has a market capitalization of $34.40 billion, a PE ratio of 12.64, a PEG ratio of 1.33 and a beta of 0.82. Allstate Corp has a twelve month low of $77.00 and a twelve month high of $109.13. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.29.

Allstate (NYSE:ALL) last issued its earnings results on Tuesday, July 30th. The insurance provider reported $2.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.48 by $0.70. Allstate had a net margin of 6.52% and a return on equity of 12.66%. The firm had revenue of $8.99 billion for the quarter, compared to analysts’ expectations of $8.96 billion. During the same quarter last year, the company earned $2.00 earnings per share. The firm’s revenue was up 6.2% compared to the same quarter last year. Sell-side analysts predict that Allstate Corp will post 9.46 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, August 30th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $2.00 dividend on an annualized basis and a yield of 1.96%. Allstate’s payout ratio is currently 24.78%.

In other Allstate news, Vice Chairman Steven E. Shebik sold 26,446 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $103.56, for a total transaction of $2,738,747.76. Following the sale, the insider now owns 153,154 shares of the company’s stock, valued at $15,860,628.24. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Vice Chairman Steven E. Shebik sold 35,014 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $103.64, for a total transaction of $3,628,850.96. Following the sale, the insider now directly owns 121,476 shares in the company, valued at approximately $12,589,772.64. The disclosure for this sale can be found here. In the last three months, insiders have sold 126,836 shares of company stock worth $13,071,947. 1.60% of the stock is owned by corporate insiders.

Several brokerages have recently issued reports on ALL. Barclays set a $125.00 price target on shares of Allstate and gave the stock a “buy” rating in a research report on Monday, August 12th. Credit Suisse Group cut shares of Allstate from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $100.00 to $94.00 in a report on Thursday, July 11th. Goldman Sachs Group raised shares of Allstate from a “neutral” rating to a “buy” rating and raised their target price for the company from $106.00 to $110.00 in a report on Wednesday, May 29th. Raymond James raised their target price on shares of Allstate from $115.00 to $125.00 and gave the company a “strong-buy” rating in a report on Thursday, August 1st. Finally, UBS Group raised their target price on shares of Allstate from $102.00 to $106.00 and gave the company a “neutral” rating in a report on Tuesday, May 7th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Allstate presently has an average rating of “Hold” and a consensus target price of $108.25.

Allstate Profile

The Allstate Corporation, through its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. The company operates through Allstate Protection, Service Businesses, Allstate Life, and Allstate Benefits segments. The Allstate Protection segment offers private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance; other personal lines products, such as renter, condominium, landlord, boat, umbrella, and manufactured home insurance; and commercial lines products under the Allstate, Esurance, and Encompass brand names.

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Institutional Ownership by Quarter for Allstate (NYSE:ALL)

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